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BOOK SUMMARY :

Strategic management is the management of an organizations resources to achieve its goals and objectives strategic management involves setting objectives analyzing the competitive environment the strategic management discipline originated in the 1950s and 1960s among the numerous early contributors the most influential were peter drucker philip selznick alfred chandler igor ansoff and bruce henderson the discipline draws from earlier thinking and texts on strategy dating back thousands of yearswelcome to the strategic management society our organization is unique in bringing together the worlds of reflective practice and thoughtful scholarship the society consists of over 3000 members representing a kaleidoscope of backgrounds and perspectives from more than 80 different countriesthe strategic management model or strategic planning model as it is also known is a tool used by managers to plan and implement business strategies although there are variations of the strategic management model most are divided into six stages understanding these six stages will help managers to create and requirement for sustained competitive advantagecompetitive advantage is what keeps great organizations ahead of their competitors rothaermel 2 pointed out that the company which has a competitive advantage performs financially much better than other companies in the industry or better than the industry average some companies may achieve it without thorough strategic plan but for the

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